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VRA

Vera Bradley

$15.26

-0.03 (-0.20%)

, COH

Coach

$36.65

-0.12 (-0.33%)

16:49
10/05/16
10/05
16:49
10/05/16
16:49

Vera Bradley downgraded to Sector Weight at KeyBanc

As previously reported, KeyBanc analyst Edward Yruma downgraded Vera Bradley (VRA) to Sector Weight from Overweight, as he sees risk to its earnings. Yruma thinks the brand's reboot has been successful, as reflected by the 20% year-over-year rise in shares, but with gross margins at their highest since 2010, sales need to increase to drive earnings, he tells investors. In the handbag space, Yruma prefers Coach (COH), on which he keeps an Overweight rating.

VRA

Vera Bradley

$15.26

-0.03 (-0.20%)

COH

Coach

$36.65

-0.12 (-0.33%)

  • 07

    Nov

VRA Vera Bradley
$15.26

-0.03 (-0.20%)

02/02/16
STPT
02/02/16
DOWNGRADE
STPT
Hold
Vera Bradley downgraded to Hold from Buy at Standpoint Research
03/24/16
WDLK
03/24/16
UPGRADE
Target $24
WDLK
Buy
Vera Bradley upgraded to Buy from Hold at Wunderlich
Wunderlich analyst Eric Beder upgraded Vera Bradley to Buy with a $24 price target.
07/06/16
BARD
07/06/16
NO CHANGE
BARD
Neutral
Handbag search traffic trends improved in June, says Baird
Baird analyst Mark Altschwager reports that search traffic trends for handbag brands, which historically has been a helpful directional indicator for comps, improved in June compared to May. Trends notably improved for Coach (COH), Tory Burch and Vera Bradley (VRA), noted Altschwager, who added that the search data is tracking above the firm's modeled comp expectations for Michael Kors (KORS) and consistent with the firm's expectations for Coach and Vera. The firm has Neutral ratings on Coach, Vera Bradley and Michael Kors shares.
10/05/16
KEYB
10/05/16
DOWNGRADE
KEYB
Sector Weight
Vera Bradley downgraded to Sector Weight from Overweight at KeyBanc
COH Coach
$36.65

-0.12 (-0.33%)

09/29/16
09/29/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Owens Corning (OC) initiated with a Market Perform at Wells Fargo. 2. Kate Spade (KATE) was initiated with an Outperform at CLSA, while the firm initiated Coach (COH) with a Buy and Michael Kors (KORS) with a Sell. 3. RetailMeNot (SALE) and Groupon (GRPN) initiated with a Neutral at Boenning & Scattergood. 4. Carnival (CCL) initiated with a Hold at Deutsche Bank. 5. D.R. Horton (DHI) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/16
GUGG
09/30/16
INITIATION
Target $50
GUGG
Buy
Coach initiated with a Buy at Guggenheim
Guggenheim analyst Robert Drbul initiated Coach with a Buy and a $50 price target. The analyst is encouraged by continued signs of progress in the brand's transformation, highlighted by positive North American comps in Q4 despite tourist, macro, and promo headwinds for the category and business.
09/30/16
09/30/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with a Buy at Guggenheim. 2. Wal-Mart (WMT) initiated with an Overweight at KeyBanc and a Buy at Guggenheim. 3. Harley-Davidson (HOG) initiated with a Hold at Jefferies. 4. Coach (COH) was initiated with a Buy at Guggenheim while the firm initiated Michael Kors (KORS) with a Neutral. 5. First Solar (FSLR) initiated with a Buy at Williams Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
WELS
10/04/16
NO CHANGE
WELS
Outperform
Coach still has upside as share retaken from Michael Kors, says Wells Fargo
Wells Fargo analyst Ike Boruchow believes that after Coach (COH) posted its first positive North American comp last quarter in over three years that it appears many investors have recently "moved on," viewing the turnaround story as played out. However, he thinks here is a long way to go should the brand continue to execute and finds it interesting that while investors were keenly aware of how much market share Michael Kors (KORS) was stealing over the past seven years, now it "doesn't seem like anyone is paying attention" as Coach finally takes back share at Kors' expense. Boruchow reiterate an Outperform rating and $46-$48 price target range on Coach share.

TODAY'S FREE FLY STORIES

CASC

Cascadian Therapeutics

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-0.03 (-0.53%)

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$30.81

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  • 13

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BBSI

Barrett Business

$62.30

1.85 (3.06%)

, BREW

Craft Brew

$16.65

0.45 (2.78%)

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BBSI

Barrett Business

$62.30

1.85 (3.06%)

BREW

Craft Brew

$16.65

0.45 (2.78%)

CHKE

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DFBG

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0.25 (8.47%)

DLA

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MB

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OSIS

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1.22 (1.59%)

PLNT

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$21.01

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ROX

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$0.75

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RSYS

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$4.77

0.11 (2.36%)

SWHC

Smith & Wesson

$21.07

-0.16 (-0.75%)

VSTO

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$38.62

-1.24 (-3.11%)

WMAR

West Marine

$9.41

0.13 (1.40%)

ZAGG

ZAGG

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  • 12

    Dec

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    Dec

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    Dec

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    Dec

  • 09

    Jan

ANET

Arista Networks

$94.41

-1.35 (-1.41%)

, CSCO

Cisco

$30.06

0.11 (0.37%)

18:32
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18:32
Hot Stocks
Arista Networks favored in ITC initial determination on four of six patents »

Arista Networks (ANET)…

ANET

Arista Networks

$94.41

-1.35 (-1.41%)

CSCO

Cisco

$30.06

0.11 (0.37%)

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  • 12

    Dec

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    Dec

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    Dec

TKTDY

Takata Corporation

$10.70

0.05 (0.47%)

18:22
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DV

DeVry

$31.90

0.9 (2.90%)

18:17
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Breaking Hot Stocks news story on DeVry »

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  • 09

    Dec

CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

18:10
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Periodicals
Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

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CVM

CEL-SCI

$0.12

-0.0014 (-1.17%)

18:03
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Hot Stocks
NYSE MKT says CEL-SCI noncompliant with certain listing requirements »

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XOM

Exxon Mobil

$89.00

0.68 (0.77%)

18:01
12/09/16
12/09
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Periodicals
Exxon CEO Tillerson emerges as top candidate for secretary of state, WSJ says »

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

17:58
12/09/16
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H.B. Fuller announces restructuring, to eliminate, relocate 220 positions »

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BIIB

Biogen

$287.77

-1.77 (-0.61%)

17:53
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SNY

Sanofi

$40.40

0.63 (1.58%)

17:42
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Sanofi to lay off 20% of U.S. diabetes, cardiovascular staff, Bloomberg says »

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  • 29

    Mar

CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

17:38
12/09/16
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17:38
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TACO

Del Taco

$14.75

-0.39 (-2.58%)

17:34
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  • 09

    Jan

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    Jan

  • 09

    Dec

UNVR

Univar

$26.36

0.54 (2.09%)

, BXLT

Baxalta

17:30
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UNVR

Univar

$26.36

0.54 (2.09%)

BXLT

Baxalta

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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Breaking Hot Stocks news story on Parnell 

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

, NVRO

Nevro

$76.38

-1.88 (-2.40%)

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

NVRO

Nevro

$76.38

-1.88 (-2.40%)

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  • 12

    Dec

RTN

Raytheon

$146.30

0.14 (0.10%)

17:21
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CX

CEMEX

$8.77

-0.16 (-1.79%)

17:18
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PDEX

PRO-DEX

$4.48

0.034 (0.76%)

17:06
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PFBX

Peoples Financial

$14.50

-0.5 (-3.33%)

17:02
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Breaking Hot Stocks news story on Peoples Financial »

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QUIK

QuickLogic

$0.94

-0.0163 (-1.71%)

17:00
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Breaking Syndicate news story on QuickLogic »

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STRZA

Starz

17:00
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12/09
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Breaking Hot Stocks news story on Starz »

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BEL

Belmond

16:55
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Syndicate
Breaking Syndicate news story on Belmond »

Belmond files automatic…

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

16:55
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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, SHAK

Shake Shack

$38.08

0.82 (2.20%)

16:50
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Breaking Hot Stocks news story on Morgan Stanley, Shake Shack »

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

SHAK

Shake Shack

$38.08

0.82 (2.20%)

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  • 09

    Jan

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